Free Republic

Former U.S. Vice President Al Gore says that he wants to end the practice of quarterly earnings guidance and “explore issuing loyalty-driven securities,” according to Reuters. Why? Because he believes that there needs to be an “overhaul of capitalism,” which he says, in its current form, has turned the world’s leading economies into “hotbeds” of irresponsible behavior.

The following is an article taken word for word from The Praavda, a former Communist propaganda rag, now reformed and warning the US not to go down the road of Communism that enslaved Russia for 70 years. It's kind of like the old song, "House of the Rising Sun," werein the singer tells mothers to warn their children not to do what he has done. --Editor, WebToday It must be said, that like the breaking of a great dam, the American descent into Marxism is happening with breath taking speed, against the back drop of a passive, hapless sheeple, excuse...

All Americans must understand that capitalism operates according to supply and demand as well as the drive to do well and make a profit. This is the incentive for people to strive to do well in an economic society. This has and always should reside in the hands of the American people who have invested and worked hard for the capital of production. Free-market enterprise nationwide and not a government intervention in any industry will keep America productive and competitive. All Americans must understand that Marxism usually follows capitalism. This is when a new government might step in and transform...

The Pilgrims who landed at Plymouth Rock in 1620 were an idealistic lot. They were part of the broader Puritan movement believing that the Anglican Church, recognized in law as the official church of England, had strayed from true Christianity. SNIP But as the colony grew, this initial quasi-socialist community of share and share alike was not working to produce enough for essential basic needs, let alone the prosperity that was expected in the new world. Available wild supplies of food, in particular, were no longer enough. Bradford again wrote in his dairy, All this while no supply [of wild...

There are many, like the great Hunter Thompson, who tout the “death of the American Dream.” Mr. Thompson and those of his ilk claim that it is not possible for everyone to become prosperous through hard work and dedication alone. Further, they claim that unless one already has access to wealth or power or connections, the Dream is only a vague idea, not something actually tangible to the indigent citizens who wish to rise above their ghetto surroundings. But they are wrong.

History revisionists have tried to marginalize and rewrite Christianity’s role in the development of the Western world. Rodeny Stark’s “The Victory of Reason: How Christianity Led to Freedom, Capitalism and Western Success” details why their attempts are completely unfounded and sometimes motivated by anti-religious beliefs. Stark briefly details how science thrived in Christian Europe after the fall of Rome, while it stagnated in other regions. But he focuses in on how Christianity was central to the development of the other aspects of Western culture, especially economics and democracy. As he wrote, the Renaissance didn’t just suddenly appear any more than...

The corruption and the investor exploitation, so widespread in the business world today, are being denounced by everyone and understood by almost no one. What is most exasperating is the robotic ignorance with which our U.S. Attorneys, our politicians, and our professorial cheerleaders in the colleges and universities approach this issue. The rash of corruption, not only on Wall Street, but throughout the entire economy today is said to be inherent in the capitalist system itself. The system of free enterprise naturally leads to malfeasance, our scholars tell us. And thus it is the capitalist system that must be restructured...

MOSCOW - Duma passed the bill “On the federal budget for 2004” on the second reading on Wednesday. It was passed by a vote of 236 to 157, with one abstention. It was State Duma Chairman Gennady Seleznyov who abstained. Unlike the first reading, where the main macroeconomic parameters of the budget were determined, the deputies decided on budget spending items on Wednesday. Spending is set at RUR 2.659 trillion (about $88.28bn according to the current exchange rate), and revenues are projected to be RUR 2.743 trillion (about $91bn). The surplus is set at RUR 83.403bn (about $2.77bn). The Finance...

Russia's Hungry Oil Companies Throw Wrench In OPEC Works When Russia said last month it will defy OPEC and end cuts on oil exports, few were surprised. The only question was whether there were any export cuts to end.Last fall, Russia agreed to shave 150,000 barrels a day from its exports this year. Yet in the first four months, production rose 8.8% over the prior year to almost 7.3 million barrels a day.Granted, the original deal was murky, says Philip Verleger, an independent energy analyst. The cut was based on what output would have been without a deal, which is...